NEWS ARCHIVES


21 May 2020

Mr Price prepares to go shopping

The retailer says internal market research has identified attractive growth areas that a capital raise will enable it to pursue.

Dis-Chem holds back on dispensing dividend

The group has deferred the declaration of a dividend to its next cycle when it has a better understanding of normalised trading conditions.

Ninety One hampered by Covid-19

The maiden results from the asset manager following its recent demerger from Investec were marred by the recent Covid-19 market correction.

Impairments hit Tiger Brands’ earnings

The group has impaired some export operations due to ongoing trading difficulties that have been exacerbated by Covid-19.

Investec Property Fund benefits from offshore focus

The property fund says its expansion into European logistics properties is timeous given the accelerated shift to online retail as a result of Covid-19.

Esor to delist next month

The construction group will delist on 22 June, a week after Group Five also exits the exchange due to the slump in the sector.

enX earnings skewed by failed Bidvest deal

The Fleet business was recorded as held for sale at the end of its most recent report period before the deal fell through.

CORPORATE ANNOUNCEMENT BY: DISCHEMGROUP

CORPORATE ANNOUNCEMENT BY: STELLAR CAPITAL PARTNERS LIMITED

CORPORATE ANNOUNCEMENT BY: ALLIED ELECTRONICS CORPORATION LIMITED

CORPORATE ANNOUNCEMENT BY: ECSPONENT LIMITED




20 May 2020

Rhodes benefits from stockpiling

The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.

Santova holds dividend due to global trade uncertainty

The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.

Poseidon and the other banking gods

Poseidon is an appropriate figure of speech as the mythological god was grumpy and powerful - and these are grumpy COVID-19 times.

Richemont bulks up balance sheet with bond sales

The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.

Jubilee relocates plant to boost earnings

The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.

Texton continues with disposals

The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.

CORPORATE ANNOUNCEMENT BY: RFG Holdings Limited

CORPORATE ANNOUNCEMENT BY: IMPERIAL LOGISTICS LIMITED




19 May 2020

Astral chickens out of dividend

The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.

intu seeks standstill as it risks covenant breaches

The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.

Lockdown puts pressure on Massmart’s sales

The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.

Calgro M3 in better shape to weather Covid-19

The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.

Balwin holds off on dividend

The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.

Old Mutual Announces Digital AGM

In Staying with a digital mindset, Old Mutual, as part of their future development, has also unveiled an ambitious plan to create Africa’s biggest Digital Classroom.

Stor-Age sees demand returning

The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.

CORPORATE ANNOUNCEMENT BY: Astral Foods Limited

CORPORATE ANNOUNCEMENT BY: BALWIN PROPERTIES




18 May 2020

Sobering update from Distell

The drinks company says earnings for the year to end-June will be significantly lower as a result of alcohol restrictions.

Dis-Chem adds Baby City to its basket

The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.

Richemont cuts dividend as Covid-19 hits sales

The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.

Aspen sticks to profit outlook

There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.

Foschini warns of leaner times

The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.

Virus holds back SPAR’s Polish acquisition

The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.




15 May 2020

MTN prepares for tougher conditions

The network operator says it is too early to assess the impact of Covid-19 on its customers and quantify the effect on its business.

Altron trims dividend to preserve cash

After a strong year, the technology group expects revenue to dip in the period ahead due to Covid-19.

Long4Life well-placed to weather Covid-19

The company says it has a strong balance sheet, cash on hand and minimal debt, positioning it to take advantage of acquisition opportunities.

Liberty prepared for volatile year

The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Who's doing what in the African M&A space?

Description: Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Spear withholds 2021 guidance

The Cape-focused real estate investment trust met its guidance for this year but says the outlook for the year ahead is less certain.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - Mergers & Acquisitions: basic understanding of takeover regulations

Shareholders are motivated to invest more in financial markets when their rights are protected in terms of regulated rules.

CORPORATE ANNOUNCEMENT BY: FREEDOM PROPERTY FUND LIMITED

CORPORATE ANNOUNCEMENT BY: LONG4LIFE LIMITED

CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: ALLIED ELECTRONICS CORPORATION LIMITED




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